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GDF SUEZ signs an MOU with Microsol and reinforces its social commitment in Latin America

April 26, 2013

On 25 April 2013, Gérard Mestrallet, chairman and CEO of GDF SUEZ, signed in the presence of the Peruvian Minister of Social Inclusion and Development, Ms Carolina Trivelli, a Memorandum of Understanding with Microsol a social enterprise involved in supplying sustainable access to energy to poor populations. Under this agreement GDF SUEZ will assess a direct investment in Microsol as part of the GDF SUEZ Rassembleurs d’Energies solidarity fund.

Microsol, a Franco-Peruvian social enterprise has developed an innovative and promising business. It supports projects from NGOs or private companies that develop sustainable technologies of decentralized energy production. The implementation of renewable technologies helps to save energy while minimizing CO2 emissions and thus generating carbon credits. Selling those carbon credits on the international carbon market provides additional financial resources for these projects.

Among others, Microsol supports the Qori Q’oncha program in Peru. This program targets the installation of more than 100,000  improved cook stoves in the country. It improves health conditions of populations by decreasing respiratory diseases, economic situation of families by saving energy and time for extra revenue generating activities and climate change mitigation by reducing deforestation and greenhouse gas emissions.

GDF SUEZ develops its businesses (electricity, natural gas, services) around a model based on responsible growth to take up today’s major energy and environmental challenges: meeting energy needs, ensuring the security of supply, fighting against climate change and maximizing the use of resources. The Group provides highly efficient and innovative solutions to individuals, cities and businesses by relying on diversified gas-supply sources, flexible and low-emission power generation as well as unique expertise in four key sectors: liquefied natural gas, energy efficiency services, independent power production and environmental services. GDF SUEZ employs 219,300 people worldwide and achieved revenues of €97 billion in 2012. The Group is listed on the Paris, Brussels and Luxembourg stock exchanges and is represented in the main international indices: CAC 40, BEL 20, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe, ASPI Eurozone, Vigeo World 120, Vigeo Europe 120 and Vigeo France 20.

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